Schofield Home Health Care Services Inc

Analysis

Schofield Home Health Care Services Inc is a registered charity in United States, based in Kenmore, NY. It received its IRS tax-exemption ruling in February 1993, 33 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Schofield Home Health Care Services Inc reported income of $2.2m and spending of $2.4m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.8m to $2.2m (-42%), an average of -13% a year. The sharpest change came in the year to December 2021, when income dropped by 31%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Schofield Home Health Care Services Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Beth Israel Foundation for the Aged ($2.2m), Pennsylvania District Attorneys Institute ($2.2m) and Business Volunteers Unlimited ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 90% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $618k against liabilities of $1.3m, net assets of -$651k. It reported 100 employees.